Galileo Mining Ltd. · ASX:GAL
Galileo Mining — Investor Presentation (November 2018)
20 slides from Galileo Mining's investor presentation, Nov 15, 2018
Slide 1: Galileo Mining Ltd Investor Presentation
For personal use only GALILEO MINING LTD INVESTOR PRESENTATION Brad Underwood | Managing Director | November 2018 ASX : GAL © Galileo Mining Ltd 2018
Slide 2: Disclaimer
Disclaimer For personal use only This Presentation (“Presentation” or the “Document”) has been prepared by Galileo Mining Ltd (ACN 104 114 132) (“Company”) and is general background information about the Company and its wholly owned subsidiaries activities as at the date of this Presentation. This D
Slide 3: Corporate Snapshot
Corporate Snapshot Key Metrics Share Price and Cobalt Price For personal use only 0.4 100000 ASX Code GAL 0.35 Shares on issue 120.37m 90000 0.3 Share price (as at 12 Nov 2018) 0.175 80000 0.25 Market capitalisation (undiluted) $21.1 million 0.2 70000 0.15 Cash (30/09/18) $10.1 million 60000 0.1 Ent
Slide 4: Board and Management
Board and Management Simon Jenkins Mr Jenkins has been a director of corporate law firm Price Sierakowski Corporate since 2005 and has For personal use only experience in a broad range of corporate transactions including takeovers, mergers and capital raisings Chairman both in Australia and overse
Slide 5: Project Locations
Project Locations For personal use only Western Australia • Stable jurisdiction • Battery metal mines hub Norseman Cobalt Project • 20Mt JORC resource (Details on slide 19) • 22,500t Co & 106,000t Ni • World class infrastructure • Scoping study underway Fraser Range JV Project • Developing nickel pr
Slide 6: Cobalt Market
Cobalt Market For personal use only World Mine Production of Cobalt, by Consumption of Cobalt by end use region, 2017 2010 - 2017 (cobalt tonnes) From: Cobalt: Global Industry, Markets and Outlook, 2018 From: Cobalt: Global Industry, Markets and Outlook, 2018 Source: Roskill Source: Roskill 6
Slide 7: Metallurgical Drilling
Metallurgical Drilling For personal use only High grade drill results • 7m @ 0.42% Co & 1.08% Ni from 13m (GDH002)* • 11m @ 0.2% Co & 0.98% Ni from 31m (GDH003)* • 29m @ 0.2% Co & 0.76% Ni from 22m (GDH008)* • Two tonnes of core available for metallurgical and mining test work • Focus on beneficiati
Slide 8: Beneficiation Test Work
Beneficiation Test Work Competitive Advantages of Beneficiation For personal use only • Three times cobalt upgrade from 0.1% to 0.28%* • 73% of material rejected as low grade waste • First step in the extraction of metals • Increased ore grade with decreased volume • Decrease in energy and acid requ
Slide 9: Beneficiation Follow Up
Beneficiation Follow Up High Grade Concentrate For personal use only • Up to 2.57% cobalt concentrate produced • Preliminary results indicate an average grade of 0.3% cobalt concentrate is achievable • One of the highest grade cobalt plays in Australia • Optionality to pursue various business models
Slide 10: Deposit Geology
Deposit Geology For personal use only Mineralisation under shallow cover • Ferricrete/laterite on surface • Flat lying shallow ore-body, 20 to 30m deep • Low strip ratio • Contiguous high grade cobalt • Cobalt rich manganese minerals • Free digging ore 10
Slide 11: Project Update
Project Update Exploration Potential For personal use only • 10,751m of RC exploration drilling completed since listing • High grade cobalt at Goblin prospect • Resource extensions & new prospects • Dominant land holding • Palladium and platinum with cobalt at the Mission Sill resource • Resource up
Slide 12: Exploration Drilling
Exploration Drilling For personal use only Goblin Prospect • 3,200m of RC drilling over 58 drillholes completed • Assays up to 0.38% cobalt • Cobalt discovered between 12 and 60 metres below surface • 2km strike length and open to south • Significant mineralisation outside of current JORC resources
Slide 13: Fraser Range Project
Fraser Range Project JV with Creasy Group For personal use only • Three prospects in two areas • Nightmarch and Lantern prospects 60km from the Silver Knight deposit • Empire Rose prospect 40km from the Nova mine site • Fraser Range is a developing mineralised province with exceptional potential for
Slide 14: Empire Rose Prospect
Empire Rose Prospect For personal use only Nickel in Drilling with Strong Conductor • 2,075 metres of first pass air core drilling • 36m @ 0.2% nickel from 18m (including 3m @ 0.56% nickel from 24m)* • Electro-magnetic survey has identified a large conductive target at 250m depth, possible sulphide
Slide 15: Nightmarch Prospect
Nightmarch Prospect Shallow Targets Under For personal use only Minor Sand Cover • Shallow cover restricts traditional prospecting and exploration techniques • Magnetic and gravity targets consistent with magmatic intrusions (nickel sulphide target rocks) • Depth to top of source modelled at 36 and
Slide 16: Lantern Prospect
Lantern Prospect Large Interpreted For personal use only Intrusions on Margin of Regional Gravity High • Magnetic signatures indicative of intrusions with potential for mineralisation • Excellent structural location for the intrusion of prospective rocks • 4,000 metres of first pass drilling planned
Slide 17: Value Drivers & News Flow
Value Drivers & News Flow For personal use only • Norseman Cobalt Project: Metallurgical test work updates • Norseman Cobalt Project: Mineral Resource Estimation for the Goblin Prospect • Norseman Cobalt Project: Scoping Study results • Fraser Range: Empire Rose IP Survey results • Fraser Range: Nig
Slide 18: Galileo Summary
Galileo Summary • Well funded and active explorer with $10.1 million in the bank For personal use only • Successful mining entrepreneur Mark Creasy is the founder and major shareholder of Galileo • Strongly leveraged to the cobalt and nickel price in a period of increasing commodity demand 18
Slide 19: Appendix – JORC Resources
Appendix – JORC Resources JORC 2012 Resource Estimates For personal use only Cut-off grade (ppm cobalt) Class Tonnes (Mt) Cobalt (%) Cobalt (Kt) Nickel (%) Nickel (Kt) 600 Indicated 10.5 0.12 12.1 0.58 60.8 600 Inferred 9.7 0.11 10.4 0.47 45.2 Total Resources (600 ppm cutoff) 20.2 0.11 22.5 0.52 106
Slide 20: Further information
For personal use only Further information Email: info@galmining.com.au Phone: +61 8 9463 0063 www.galileomining.com.au
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